Deal Details

HGGC Buys Marmic from TSCP

Technology & Services

HGGC acquisition of Marmic from TSCP

Summary

HGGC, LLC (“HGGC”) has acquired Marmic Fire & Safety Co. (“Marmic” or the “Company”) from Thompson Street Capital Partners (“TSCP”). CEO and founding family member Michael Teeter will continue to lead the business and will retain a substantial ownership stake in Marmic. Terms of the private transaction were not disclosed.

Baird served as the financial advisor to HGGC, LLC on this transaction.

About

HGGC is a leading middle-market private equity firm with over $5.4 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Since its inception in 2007, HGGC has completed more than 200 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $28 billion.

Headquartered in Joplin, Missouri with locations across the United States, Marmic is a third-generation family business and one of the largest self-perform fire protection service companies in the country. Marmic provides recurring inspection, test and maintenance services conforming to OSHA mandates, government codes, and NFPA standards across retail, medical, commercial, and industrial end-markets.

Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle market businesses. TSCP has acquired more than 150 companies in the Healthcare & Life Science Services, Software & Technology Services and Business Services & Engineered Products sectors and has managed more than $2.6 billion since being founded in 2000. TSCP is headquartered in St. Louis, Missouri.

Technology & Services

HGGC acquisition of Marmic from TSCP